For decades, an important financial institution for many working families was the neighborhood credit union. Serving as both a depository and a loan office, the credit union provided a means of saving for retirement, a college education or a rainy day, as well as, loans for a home, new car or dream vacation.
Today, credit unions are either federally chartered or chartered by their individual state governments.
Proactive supervision and examinations ensure that the Credit Union Section maintains a credible and responsive regulatory environment to assure the safety and soundness of credit unions for the benefit of all credit union members within the State of Illinois.
For updates to the Illinois Act or Rules & Regulations please click here: IDFPR Acts & Rules